DriveTech becomes a publicly limited company (plc)

18 August 2006

The board of DriveTech has today (Friday 18th August 2006) confirmed that DriveTech is officially a 'publicly limited company' and, as a result, the company will now be known as DriveTech (UK) plc.

Chris Howell, Chairman and Founder, explained the decision. "We're delighted to announce our plc status which solidifies our position as the premier driver training company in the UK.

As we continue to grow, our plc status will provide new options for funding that will underwrite our growth plans. It will also re-inforce the stability, continued growth and professionalism that has underpinned our business since its inception in 1990.

In addition, it is vital that the DriveTech brand continues to be linked with innovation, quality and customer focus and our plc status will help us gain greater coverage in the trade and national media.

Finally, a lot of our customers are themselves plcs and we believe that by gaining a similar status, we have demonstrated that we are the right company to do business with".

EDITOR'S NOTES

DriveTech (UK) plc is the UK's leading provider of ‘driving at work’ risk management, driver assessment and driver training solutions.

DriveTech’s goal is to reduce both an organisation’s vehicle business costs and the personal risk for ‘at work’ drivers, by significantly improving driver ABC – attitude, behaviour and competence – therefore supporting driver safety and corporate ‘duty of care’ requirements.

DriveTech has won the Institute of Transport Management’s ‘Fleet Award for Driver Training’ in 2001, 2002, 2003 and 2004 and its ‘European Driver Safety Specialist’ award in 2005.

For more information, please contact David Richards at david.richards@drivetech.co.uk, telephone 01344 773144 or via its website at www.drivetech.co.uk